Savings Accounts and TFSA Rates Down Again | Ideal Savings | Discussion forum

Please consider registering
guest
sp_LogInOut Log Insp_Registration Register
Register | Lost password?
Advanced Search
Forum Scope


Match



Forum Options



Minimum search word length is 3 characters - maximum search word length is 84 characters
sp_Feed Topic RSSsp_TopicIcon
Savings Accounts and TFSA Rates Down Again
April 20, 2020
2:36 pm
GR
Member
Members
Forum Posts: 702
Member Since:
September 15, 2017
sp_UserOfflineSmall Offline

Now at 2.01%.

April 20, 2020
3:29 pm
dougjp
Member
Members
Forum Posts: 658
Member Since:
January 9, 2011
sp_UserOfflineSmall Offline

Disturbing trend. They used to try and lead with rates, however the last few times they drop first compared to competitive banks, and never have the top rates any more. The silly .01% business too.

They must not realize people make future decisions on placement of 'sort of locked in' funds (eg: TFSA savings) based on management trends re: rate direction and stability.

My memory's not as sharp as it used to be. Also, my memory's not as
sharp as it used to be.

April 20, 2020
5:03 pm
AltaRed
BC Interior
Member
Members
Forum Posts: 3650
Member Since:
October 27, 2013
sp_UserOfflineSmall Offline

Sure they do. They just don't need to pay for deposits at premium rates.

Please write your comments in the forum.